Regulator warns of multiple risks among China's insurers- Xinhua

SHANGHAI, April 12 (Reuters) - China's insurance industry is

facing solvency risks, liquidity pressures, poor corporate

governance and macro political and economic issues, the Xinhua

news agency reported Chen Wenhui, vice chairman of China

Insurance Regulatory Commission (CIRC) saying on Wednesday.

Chen's comments come just days after the country's top

anti-graft body said it was investigating the head of the CIRC

for disciplinary violations - a byword for corruption.

On Monday, the regulator said it will investigate and deal

with illegal activities in the insurance market.

The anti-corruption investigation into the head of the

insurance watchdog could lead to more intense regulatory

scrutiny of the insurance industry, executives and analysts


(Reporting by Engen Tham; Editing by Eric Meijer)